SNC-Lavalin considering all options after Codelco contract cancellation - News Summed Up

SNC-Lavalin considering all options after Codelco contract cancellation


MONTREAL - SNC-Lavalin Group Inc. is leaving the door open to a lawsuit against Chile’s state-owned copper mining company, which has terminated its contract with the construction giant. SNC-Lavalin Group Inc. is considering a lawsuit against Chile's state-owned copper mining company, which has terminated its contract with the construction giant. A spokesman for SNC-Lavalin tells The Canadian Press it is looking at all options to determine whether to take legal action. “We believe that this termination is unwarranted and in breach of good faith agreements reached by the parties,” SNC-Lavalin said in a statement. Article Continued Below“Having a contract terminated by the world’s largest copper miner is clearly a hit to SNC’s reputation within the mining industry.


Source: thestar March 26, 2019 16:11 UTC



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